Mar 122009
 

Taming the COBRA “Lion” The old adage, “March comes in like a lion and goes out like a lamb” is proving to be too very true for companies across the country. Why? Well, effective March 1st, the American Recovery and Reinvestment Act of 2009 (ARRA) President Obama’s Stimulus package, goes into effect and includes major and significant changes to the current COBRA continuation coverage. This “Lion” is causing business owners and HR departments to scramble to understand and comply with the massive changes in a very short period of time. As a reminder, COBRA (Consolidated Omnibus Budget Reconciliation Act) is a federal regulation that is applicable to employers of 20 or more employees who offer a regular group medical plan. [...]